Business News
The Ministry of Agriculture will Open a Faucet to Import Beef to Meet the Needs of Eid
The Ministry of Agriculture (Kementan) plans to import, in order to anticipate the need and availability of beef and buffalo during Ramadan and Idul Fitri 2021 or Lebaran. The Director General of Animal Husbandry and Animal Health of the Ministry of Agriculture, Nasrullah, explained that the national demand for beef…
Low Stock, KPPU Asked the Ministry of Trade to Immediately Issue a Garlic Import Permit
The Business Competition Supervisory Commission (KPPU) asked the Ministry of Trade to immediately issue a Garlic Import Approval (SPI) for a number of companies that have obtained Horticultural Product Import Recommendations (RIPH) from the Ministry of Agriculture so that the commodity price increase does not occur. KPPU Deputy for Studies…
SOE Ministry Aims for Up to 12 IPOs in Next Three Years
The government is targeting between eight and 12 initial public offerings (IPOs) of state-owned enterprises (SOEs) in the next three years to end a hiatus of state-backed companies entering the stock market. SOE Minister Erick Thohir said on Thursday that the state-owned companies and their subsidiaries were expected to conduct…
Indonesia Targets over $372 Billion in Investment to Speed Up Recovery
Massive investment is needed for the economy to grow by 5 percent year-on-year (yoy) in 2021, with a major contribution from the private sector, according to the National Development Planning Agency (Bappenas). It further estimates that investment expenditure would have to be between Rp 5.81 quadrillion (US$372.97 billion) and Rp…
